Crypto startup LBRY violated securities laws by selling its native LBC tokens without registering with the U.S. Securities and Exchange Commission (SEC), a New Hampshire judge ruled on Monday. The SEC ...
A Federal Judge has ruled that LBRY, Inc, the company behind the LBRY protocol, is liable for violating U.S. securities laws–causing the LBRY token (LBC) to collapse by nearly 18% early today.
The court was unmoved by LBRY’s objections that the regulator’s claims were unfounded and it was not given the chance to operate in compliance with SEC requirements. A United States District Court ...
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